Nam Long Investment Corp. · HOSE:NLG
Nam Long Investment — VAD Bangkok 2025
25 slides from Nam Long Investment's conference presentation, Aug 6, 2025
Slide 1: Market Outlook
Market Outlook Private & Confidential
Slide 2: Three growth drivers for real estate markets
Three growth drivers for real estate markets CREDIT INFRA- PROJECT STRUCTURE LICENSING INTEREST RATES NLG 2
Slide 3: Opportunities from recurring market dynamics: observation from last cycle
OPPORTUNITIES FROM RECURRING MARKET DYNAMICS / OBSERVATION FROM LAST CYCLE INTEREST Lending rate spiked to Lending rate dropped RATE 20% per annum another to 13-15% per annum time CREDIT/ Inflation spiked to 19% Inflation stabilized to 7- VAMC was established MORTGAGE another time 9% per annum to bu
Slide 4: Opportunities from recurring market dynamics: history often rhymes
OPPORTUNITIES FROM RECURRING MARKET DYNAMICS / HISTORY OFTEN RHYMES INTEREST Interest rates remain low SBV increases interest rates SBV lowers interest rates Interest rates remain low and Interest rates remain low and RATE 7-8% continuously during a short timeframe five times since March 2023 stable
Slide 5: Residential segments to be further supported by the expansion of infrastructure
RESIDENTIAL SEGMENTS TO BE FURTHER SUPPORTED BY THE EXPANSION OF INFRASTRUCTURE Highway length in Vietnam in 2022 Source: CICC Research, Savills Research Significant infrastructure spending in Vietnam NLG 5
Slide 6: Condo: supply back in Ha Noi, mainly in high-end segment
CONDO: SUPPLY BACK IN HA NOI, MAINLY IN HIGH-END SEGMENT 6
Slide 7: Condo: absorption of new launches moderated
CONDO: ABSORPTION OF NEW LAUNCHES MODERATED 7
Slide 8: Condo: price growth is moderating
CONDO: PRICE GROWTH IS MODERATING 8
Slide 9: New price level in the next growth cycle
NEW PRICE LEVEL IN THE NEXT GROWTH CYCLE 9
Slide 10: Nam Long Group: Our story
Nam Long Group Our story Vietnam’s leading integrated real estate company
Slide 11: Founded in 1992 on the core values of integrity, ownership and professionalism
We were founded in 1992 on the core values of INTEGRITY, OWNERSHIP and PROFESSIONALISM
Slide 12: Leading developer in affordable to mid-market segment with 3 main product lines
We are the leading developer focusing on affordable to mid-market segment in Vietnam with 3 main product lines 12
Slide 13: Sizeable land bank of 680 hectares offers tremendous development potential
Sizeable land bank of 680 hectares offers tremendous development potential Hai Phong Land NLG’s Project name Location area (ha) stake Flora Novia Thu Duc City, HCMC 1.1 100% Mizuki Park Binh Chanh District, HCMC 37.4 50% Akari City Binh Tan District, HCMC 8.8 50% 2nd largest land bank in Vietnam – 6
Slide 14: Unique end-to-end capabilities afford speed for growth and smoothening of lumpy profits
Nam Long’s unique end to end capabilities afford it speed for growth and smoothening of lumpy profits across different phases Conventional Standard development timeline Nam Long Early cash inflows from sales of prepared lands for model recognizing profits at end of project model quicker capital rein
Slide 15: H1 2025 Financial Highlights
H1 2025 FINANCIAL HIGHLIGHTS Financial highlights Revenue Debt/Equity Ratio 7,196 ▪ Demonstrated resilient performance (VN Dbn ) (x) 0.5 0.5 0.5 management during challenging 5,206 0.4 times of 2021-2023 and solid 4,339 0.3 profitability. 3,181 2,064 ▪ Profitability bolstered by a healthy Balance Sh
Slide 16: Proven track record with innovative product portfolio from leading global partnerships
Proven track record with innovative product portfolio from leading global partnerships 16
Slide 17: Sizeable land bank at gateway of HCMC with new infrastructure
Sizeable land bank at gateway of HCMC with new Long Thanh Airport infrastructure and still limited supply 17
Slide 18: CCTM1, CCTM2, CC5 – Trellia Cove
CCTM1 CCTM2 CC5 TRELLIA COVE Sales Launch: Expected Sep 2025
Slide 19: Phase 2,3 from Q2/2025
NAM LONG [T| oo Cviratl lope a Phase 2,3 ae = From Q2/2025 FA 2 THEN Bao 7 TAY BO wn:
Slide 20: Experienced management team with robust corporate governance
Experienced management team, combining local and global expertise with robust corporate governance 40
Slide 21: Leadership team with extensive local and international experience
Our leadership team brings extensive local and international experience, complemented by strong partnerships with leading investors in the real estate industry Local knowledge International strategic shareholders Mr. Nguyen Xuan Mr. Tran Thanh Mr. Nguyen Duc Mr. Cao Tan Thach Mr. Lucas Loh Quang Pho
Slide 22: Thank you
Thank you
Slide 23: Park Village, Solaria Rise (ST5), The Pearl
SOLARIA RISE (ST5) THE PEARL Groundbreaking: Sales Launch: PARK VILLAGE 18 Jul 2025 Expected Sep 2025 Sales Launch: Expected Sep 2025
Slide 24: Akari Phase 2
Akari Phase 2 NLG 24
Slide 25: Central Park
CENTRAL PARK